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Dubai, UAE US

   

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Hobbs, NM housing market

Housing market indicators

Indicator 2022202320242025* Change202220232024YTD
Median Listing Price per Square Feet $121 $125 $138 $151 5.2% 3.3% 10.4% 9.4%
Active Listing Count 118 77 76 56 -11.9% -34.7% -1.3% -26.3%
Median Days on Market 71 73 66 47 0% 2.8% -9.6% -28.8%
Share of listings with price increase 0.4% 0% 0% 0.3%
Share of listings with price decrease 10.6% 10.9% 9.9% 8.1%

* last available value

Home prices

Short term housing supply drivers

Long term housing demand drivers

Long term housing supply drivers




Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED


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